82,503
edits
Template:Isda Preamble summ: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{quote|{{d|Checkhov’s gun|Russian: ''Чеховское ружьё''|n|}} | |||
A narrative principle that states that every element in a story must be necessary, and irrelevant elements should be removed. | |||
“If there is a rifle hanging on the wall in the first act, it must go off in the third.”}} | |||
{{drop|A| preamble is}} he [[legal eagle]]’s opportunity to set a scene, a juridical version of “[[once upon a time]]”: an integrated passage that may or may not start with “[[whereas]]”, “[[background]]” or something like that and is meant to prime you for the meat of [[contract]]. | |||
The {{isdama}} is in need of a scene-setter: everyone, once, stares at that gnomic title and thinks, “okay, what on earth is ''this'' all about?” | |||
The ISDA’s {{ {{{1}}}|Preamble}} is just the loosener before things get going. There is not a lot to see, but it casually calls the reader’s attention to things that will later become important — the proverbial rifle hanging above the fireplace that goes off in the third act. That is, however, where the similarities with Chekhov end. Before long, it will go full Dostoyevsky on us. | |||
The {{isdama}} is the basic framework that applies to anyone who touches down on planet [[ISDA]]. The preamble tells us about its tri-partite form: the '''Pre-printed Master''', a '''{{{{{1}}}|Schedule}}''' of elections and amendments, '''{{{{{1}}}|Confirmation}}s''' setting out the terms of '''{{{{{1}}}|Transaction}}s''' and — well, ''this'' is controversial: for is it, or is it not, part of the {{isdama}} proper? — a '''[[Credit Support Annex]]'''. | The {{isdama}} is the basic framework that applies to anyone who touches down on planet [[ISDA]]. The preamble tells us about its tri-partite form: the '''Pre-printed Master''', a '''{{{{{1}}}|Schedule}}''' of elections and amendments, '''{{{{{1}}}|Confirmation}}s''' setting out the terms of '''{{{{{1}}}|Transaction}}s''' and — well, ''this'' is controversial: for is it, or is it not, part of the {{isdama}} proper? — a '''[[Credit Support Annex]]'''. | ||